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Alerus Financial Corporation ALRS Retirement And Benefit Services — Noninterest Expense

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Other financials

Income statement

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Revenue$51.4M+7.0%
Net income$23.0M+72.5%
EPS (diluted)$0.31-31.1%

Balance sheet

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Cash & equivalents$128.8M+55.3%
Total debt$301.8M+8.7%
Total equity$574.7M+11.8%
Total assets$5.3B-1.0%

Cash flow

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Operating cash flow$27.8M+261%
CapEx$2.0M-1.3%
Free cash flow$25.8M+356%

Valuation

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Market cap$827.53M+57.3%
Enterprise value$1B+19.6%
P/E11.3×

Profitability

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Net margin18.8%-0.6pp
FCF margin4.4%-41.9pp

Returns & leverage

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Return on equity10.8%
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Alerus Financial Corporation in its filing.

Tagged under the XBRL concept us-gaap:NoninterestExpense.

The source filing: Alerus Financial Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:32 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014481
(dollars in thousands)BankingRetirement and / Benefit ServicesWealth Advisory / ServicesCorporate / AdministrationConsolidated
Compensation11,7117,7163,0311,62924,087
Employee taxes and benefits3,1272,1387466296,640
Business services, software and technology expense2,7371,8671,0971385,839
Merger and acquisition expense(34)(34)
Other noninterest expense9,8182,88885330113,860
Total noninterest expense27,39314,6095,7272,66350,392
Net income (loss) before taxes$29,383$2,797$1,510$(3,440)$30,250
Total assets$5,183,113$30,825$5,948$68,085$5,287,971

Item 1 - Consolidated Financial Statements

FAQ

What is Alerus Financial Corporation's retirement and benefit services — noninterest expense?
Alerus Financial Corporation (ALRS) reported retirement and benefit services — noninterest expense of $14.61M in Q1 2026.
How has Alerus Financial Corporation's retirement and benefit services — noninterest expense changed year-over-year?
Alerus Financial Corporation's retirement and benefit services — noninterest expense increased by 7.3% year-over-year, from $13.62M to $14.61M.
What is the long-term trend for Alerus Financial Corporation's retirement and benefit services — noninterest expense?
Over 4 years (2021 to 2025), Alerus Financial Corporation's retirement and benefit services — noninterest expense has grown at a -0.4% compound annual growth rate (CAGR), from $55.8M to $54.99M.
What does retirement and benefit services — noninterest expense mean?
The aggregate of all operating expenses incurred by the retirement and benefit services segment, excluding interest expense. This metric is essential for calculating the segment's operating margin and overall cost efficiency. It represents the total cost burden required to generate the segment's noninterest income.

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